NYSE:HLMetals and Mining
Hecla Mining (HL) Stock Rallies On Cash Flow Strength While Valuation Tightens
Hecla Mining’s stock jumped 7.5% to US$16.54 today, yet the real story is not just a bullish tape. The market is reacting to a quarter that put free cash flow and profitability squarely in focus. Hecla generated US$136 million of free cash flow and reported US$118 million of net income from continuing operations, which reinforced a trailing net margin of 28.3%. For a precious metals producer, that margin profile is the headline, and it is now alongside a richer P/E of 24.1x that already...